UK-based clean tech startup Measurable.energy secures €4.8M to help reduce office energy waste by 50%

UK-based Measurable.energy, a clean tech company, has secured £4M (approximately €4.8M) in a new investment round to support its expansion in the UK and global markets. 

The round was co-led by Vertex Exploratory Fund, a subsidiary of Temasek Holdings, marking the fund’s first investment in the UK clean tech sector, and Clean Growth Fund, which initially invested in Measurable.energy in 2023.

Existing investors, including Bonheur ASA/Fred Olsen, RO Capital Partners, Vectr7, and Roger Ferguson, who sits on the Board of Alphabet Inc., also participated in the round.

Shang-Wei Chow, MD, Investment of Vertex Exploratory Fund who will be joining the Board as Director, says, “The Vertex Exploratory Fund actively seeks out disruptive frontier technologies with climate as one of the core themes in our investment strategy.”

“Measurable.energy stood out as one of the most promising startups in the UK in the climate space, offering a low-touch, intuitive, and compliance-ready solution that effectively reduces power waste. The company is at the forefront of providing the tools necessary to drive positive change and the Vertex Exploratory Fund is proud to partner with them on this journey.”

Capital utilisation

Measurable.energy’s AI-powered smart socket technology helps businesses reduce electricity costs and carbon emissions by up to 50 per cent. The funds will accelerate the company’s international growth, particularly in Southeast Asia, ahead of its planned Series B round in 2025.

Dan Williams, co-founder and CEO of Measurable.energy, says, “We are grateful for the continued support of our current investors and are excited to welcome Vertex as a new partner during this pivotal time in our growth journey.”

“This investment reflects the confidence in our proven AI-powered technology, which has already made a real impact for businesses across the UK. As we look to the future, we are excited to build on this momentum and pursue our ambitious goals to enhance energy efficiency on a global scale. This is an exciting time for our team, and we’re ready to lead the change in energy management.”

Eliminating wasted energy in buildings

Measurable.energy offers AI-powered smart plug sockets designed to reduce energy waste from idle devices, which can account for up to 40 per cent of office electricity usage, with half of that typically wasted.

The company’s technology helps businesses cut energy costs and carbon emissions by up to 50 per cent. Initially focused on the construction and commercial real estate sectors, Measurable.energy is seeing growing demand from public sector organisations, hospitality, university campuses, and NHS hospitals.

Since Clean Growth Fund’s initial investment in January 2023, the company has expanded its revenues by over 10x and secured key commercial agreements with Balfour Beatty Vinci, Morgan Sindall, and PKF Francis Clark. 

Measurable.energy also strengthened its leadership team, with Karen Bach appointed as Chair and Dave Wardell as Chief Commercial Officer. Dan Williams, co-founder, has served as CEO since 2018.

The smart socket technology!

Measurable.energy’s smart socket technology uses sensors and AI-driven software to monitor and control energy consumption at the device level. The system detects usage patterns of connected devices, identifying when they are idle or not in use. 

Based on this data, the smart socket automatically cuts off power to inactive devices, reducing unnecessary energy consumption and reactivating it when needed. 

This automation helps businesses lower energy bills and carbon emissions, with a potential return on investment in as little as 21 days.

Brief about Clean Growth Fund

Launched in 2020, the £101M Clean Growth Fund (CGF) targets early-stage UK companies focused on reducing carbon emissions in sectors such as power, energy, buildings, transport, industry, agriculture, and waste. 

The fund aims to deliver financial returns for investors while accelerating the development of clean technologies, supporting the UK’s goal of achieving net zero by 2050. CGF also promotes the creation of skilled jobs across the country. To date, it has invested in 19 British companies pioneering clean growth innovations.

Speaking about the investment in Measurable.energy, Jonathan Tudor, Investment Partner at Clean Growth Fund, says, “Clean Growth Fund has been delighted with Measurable.energy’s growth over the past 18 months. With the support of CGF, Vertex and their other investors, the company is in a strong position to win business overseas, in particular within SE Asia, the USA and Europe.”

“Measurable.energy isn’t just another player in the energy efficiency space. The combination of its advanced hardware and AI software represents a significant leap forward in energy management technology. In today’s tech-driven world, where every watt of energy saved can contribute to a more sustainable future, measurable.energy is leading the charge with its technology.”